What is a business credit, and how does it work?
Business credit is a credit score assigned to a business entity rather than an individual. The score is based on the business’s credit history – how reliably it has paid its bills in the past, for example.
Lenders will look at a business’s credit score when deciding whether or not to extend its credit. A high business credit score means that a company is seen as being less risky and more likely to repay its debts. This can be helpful when a business needs to borrow money for purchasing inventory or expanding operations.
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